{"id":10389,"date":"2023-08-10T00:54:32","date_gmt":"2023-08-10T00:54:32","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/08\/10\/delabs-returns-3m-polygon-grant-as-y00ts-moves-to-ethereum-nft-news-today\/"},"modified":"2023-08-10T00:54:32","modified_gmt":"2023-08-10T00:54:32","slug":"delabs-returns-3m-polygon-grant-as-y00ts-moves-to-ethereum-nft-news-today","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/08\/10\/delabs-returns-3m-polygon-grant-as-y00ts-moves-to-ethereum-nft-news-today\/","title":{"rendered":"DeLabs Returns $3M Polygon Grant as y00ts Moves to Ethereum &#8211; NFT News Today"},"content":{"rendered":"<p><\/p>\n<div data-id=\"49a2a746\" data-element_type=\"widget\" data-widget_type=\"theme-post-content.default\">\n<div class=\"elementor-widget-container\">\n<p>In a surprising turn of events, DeLabs\u2019 NFT project, <a href=\"https:\/\/www.y00ts.com\/\" target=\"_blank\" rel=\"noopener\" title=\"\">y00ts<\/a>, is making yet another migration, this time from the Ethereum <a href=\"https:\/\/nftnewstoday.com\/2023\/04\/13\/a-comprehensive-guide-to-polygon-nfts\/\" target=\"_blank\" rel=\"noopener\" title=\"A Comprehensive Guide to Polygon NFTs\">scaling network Polygon<\/a> back to the Ethereum mainnet. This move comes ahead of the anticipated unveiling of DeGods\u2019 \u201cSeason 3\u201d content. While the exact migration date hasn\u2019t been disclosed, this decision has raised eyebrows within the NFT community.<\/p>\n<h2 class=\"wp-block-heading\">A Shifting Landscape<\/h2>\n<p>Initially, y00ts made headlines when it first <a href=\"https:\/\/nftnewstoday.com\/2023\/03\/29\/y00ts-nft-collection-migration-from-solana-to-polygon\/\" target=\"_blank\" rel=\"noopener\" title=\"\">migrated from Solana to Polygon<\/a>, a move supported by a substantial $3 million grant from Polygon Labs. This grant was intended to empower <a href=\"https:\/\/delabs.xyz\/\" target=\"_blank\" rel=\"noopener\" title=\"\">DeLabs<\/a> to grow its team and contribute to the Polygon ecosystem. However, the sudden decision to move y00ts to Ethereum raises questions about the motivations behind this choice.<\/p>\n<p>DeLabs\u2019 move from Polygon to Ethereum isn\u2019t the only significant decision they\u2019ve made. In a bold move, the project has announced its decision to return the entire $3 million grant to Polygon Labs. This unexpected return of funds is accompanied by an allocation plan where $1 million will be directed towards supporting \u201c<a href=\"https:\/\/polygon.technology\/developers\" target=\"_blank\" rel=\"noopener\" title=\"\">Polygon-native builders and creators<\/a>.\u201d This strategic reallocation underscores the complexities of navigating the blockchain landscape.<\/p>\n<figure class=\"wp-block-image size-large\"><\/figure>\n<p>The NFT market has been swift in its response to these announcements. The floor price of y00ts NFTs on the OpenSea marketplace experienced a notable uptick, signaling that investors and collectors are closely following the project\u2019s developments. DeGods, another creation of DeLabs, has maintained its position as one of the most valuable NFT projects in the market.<\/p>\n<h2 class=\"wp-block-heading\">Unveiling New Horizons<\/h2>\n<p>As DeLabs continues its journey of strategic shifts, the NFT ecosystem eagerly anticipates the unfolding implications of these moves. The migration from Solana to Polygon and now to the Ethereum mainnet signifies a willingness to explore and adapt to different blockchain environments. While the y00ts migration presents intriguing opportunities, questions remain about the potential synergies between y00ts and the prominent DeGods collection on the Ethereum mainnet.<\/p>\n<p>The NFT landscape is marked by constant innovation and exploration. DeLabs\u2019 strategic choices underscore the dynamic nature of the ecosystem, where creators continually seek the best platforms to showcase their collections. As DeLabs navigates these migrations, the broader NFT community watches with anticipation, eager to witness how these decisions shape the trajectory of both the y00ts and DeGods projects, and contribute to the ongoing evolution of the NFT realm.<\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftnewstoday.com\/2023\/08\/10\/delabs-returns-3m-polygon-grant-as-y00ts-moves-to-ethereum\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=delabs-returns-3m-polygon-grant-as-y00ts-moves-to-ethereum\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a surprising turn of events, DeLabs\u2019 NFT project, y00ts, is making yet another migration, this time from the Ethereum scaling network Polygon back to the Ethereum mainnet. This move comes ahead of the anticipated unveiling of DeGods\u2019 \u201cSeason 3\u201d content. While the exact migration date hasn\u2019t been disclosed, this decision has raised eyebrows within [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftnewstoday.com\/wp-content\/uploads\/2023\/08\/y00ts-ethereum.jpeg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/10389"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=10389"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/10389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/10390"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=10389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=10389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=10389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}